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Securitization People and Markets

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  • Moody’s Investors Service is looking to hire 20 analysts to increase its derivatives coverage in Europe following the massive growth in the collateralized debt and loan obligation markets.
  • Bank of New York is planning to hire 50-60 people as part of a global expansion into master servicing and whole loan triparty financings.
  • Denver-based Chotin Asset Management is in the market with a new collateralized debt obligation, a $1 billion hybrid mezzanine deal.
  • Washington Mutual plans to buy more individual mortgage loans for its securitization programs, in addition to the bulk buying it currently purchases.
  • Opening up to nearly 7,000 attendees – a 40% increase over last year’s conference -- the American Securitization Forum has set up several new panels to address a growing and changing marketplace, said George Miller, the ASF’s executive director.
  • It’s officially on in Vegas. American Securitization Forum 2007 kicked off today with a handful of sessions and a lot of booth touring.
  • FriedbergMilstein has engaged GSO Capital Partners as a sub-advisor to three of its collateralized debt obligation funds.
  • Burgeoning opportunities in the European residential mortgage-backed securitization market could spark a recruitment drive from investment banks looking to beef up in preparation.
  • ACA Capital Management (U.K.), the London-based subsidiary of ACA Capital, has been permitted to provide investment management services in the U.K. by the Financial Services Authority, paving the way for the firm's push into the European collateralized debt obligation sector.